EQT Co. (NYSE:EQT) Shares Acquired by Stephens Inc. AR

Stephens Inc. AR lifted its holdings in shares of EQT Co. (NYSE:EQT) by 63.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,395 shares of the oil and gas producer’s stock after purchasing an additional 5,608 shares during the quarter. Stephens Inc. AR’s holdings in EQT were worth $527,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Cigna Investments Inc. New acquired a new stake in shares of EQT during the third quarter worth $218,000. US Bancorp DE boosted its holdings in shares of EQT by 59.3% during the third quarter. US Bancorp DE now owns 35,174 shares of the oil and gas producer’s stock worth $1,289,000 after purchasing an additional 13,090 shares during the last quarter. HM Payson & Co. acquired a new stake in shares of EQT during the third quarter worth $25,000. Catalyst Financial Partners LLC acquired a new stake in shares of EQT during the third quarter worth $221,000. Finally, New York State Teachers Retirement System raised its position in shares of EQT by 45.1% in the 3rd quarter. New York State Teachers Retirement System now owns 459,759 shares of the oil and gas producer’s stock worth $16,846,000 after buying an additional 142,796 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Stock Up 7.5 %

NYSE:EQT opened at $40.20 on Thursday. The company has a market capitalization of $17.75 billion, a price-to-earnings ratio of 47.86 and a beta of 1.06. EQT Co. has a one year low of $30.02 and a one year high of $42.44. The stock has a 50-day simple moving average of $35.56 and a 200 day simple moving average of $36.64. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. Sell-side analysts predict that EQT Co. will post 1.42 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a yield of 1.57%. EQT’s payout ratio is currently 75.00%.

Analyst Ratings Changes

Several brokerages recently weighed in on EQT. JPMorgan Chase & Co. increased their target price on EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, September 26th. Stephens increased their target price on EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Mizuho increased their target price on EQT from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday. UBS Group increased their target price on EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Piper Sandler increased their target price on EQT from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, EQT has an average rating of “Moderate Buy” and a consensus target price of $42.83.

EQT Profile

EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services.